KKR reports Q1 adjusted EPS $1.15, consensus $1.13

Reports Q1 asset management revenues $1.76B, consensus $1.71B. Co-CEOs Joseph Bae and Scott Nuttall said, “Over our 49-year history, we have successfully navigated many periods of uncertainty. Our Q1 results and significant April activity bear testament to the strength of our diversified and durable business model. Volatility can yield attractive investment opportunities, and we’re encouraged by our positioning given our global footprint, differentiated operational and investment capabilities, and collaborative culture alongside $116B of dry powder ready to invest on behalf of our clients”.